Out-of-Work Architects Turn to Stalled Projects

Real estate busts tend to be particularly troublesome for architects. Developers’ plans for new buildings are among the first to be tossed aside when money runs short.

With the unending drought of new work clearly in mind, the profession’s leading trade organization is looking to alleviate some pain.

The American Institute of Architects is crafting a database that would catalog stalled development projects around the country, eyeing as an audience lenders and equity investors who might be on the hunt for deals. While the plan is without much detail at this point — the group announced the effort last week as part of the Clinton Global Initiative’s CGI America conference — the organization aims to put together the database of stalled projects by the end of the year that would rank or give preference to viability.

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